Regional Caterpillar wholesaler Thompson Machinery has acquired the mining equipment distribution and support business in Middle and West Tennessee and north Mississippi from the global manufacturer.
Via the deal, Thompson Machinery has taken on responsibility for the sales, marketing and product support of a line of Caterpillar Mining products that includes hydraulic shovels, electric shovels and highwall miners (pictured here).
“The acquisition and expansion of the Cat Mining product line reinforces Thompson’s commitment to providing the best in equipment and product support solutions,” said Reggie Dill, vice president of sales at Thompson Machinery. “We serve a diverse set of industries and applications, and we are excited to enhance our focus in mining. Enabling our customers’ success is our top priority.”
Illinois-based Caterpillar Global Mining in 2011 acquired rival equipment maker Bucyrus for $8.8 billion and has since then been selling off the distribution arm of that business to its regional dealers. Terms of Thompson Machinery's acquisition were not disclosed, but Cat executives said in their recently quarterly report that they sold 18 regional distributorships for a total of $157 million in the first half of this year.
“We are committed to the mining industry and serving our mining customers with unmatched support, integrated solutions and the best quality products and services,” said Steve Wunning, Caterpillar group president with responsibility for Resource Industries. “One of the best ways we can serve our customers is through Caterpillar's dealer network. Thompson Machinery shares our goal to exceed customers' expectations and plays a pivotal role in helping us build and maintain our world-class system of distribution and product support.”
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